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Mar 20, 2013
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we haven't contemplated changing that. we just put that number in fairly recently. i think at this point, it's still being debated in academic circles, you know, and we'll see what kind of outcome they come up with. but it's an interesting question to try to quantify. there is research, for example, which asks the question, how often do you tend to hit the zero lower bound. and our belief a few years ago is that it was a very rare event, and now it has become more common. so i'm sure there'll be a lot of thinking about this in academic and other circles. >> mr. chairman, ben weill, "congressional quarterly." there's a lot of talk about whether certain institutions are too big to fail, and i wanted to get at a different if related question. in 1980, let's say, there was about -- the financial sector comprised about 5% of the u.s. economy, u.s. gdp. now it's about 9%. i'm wondering if you think that shift is beneficial to u.s. economy? >> i don't think i know the answer to that question. certainly, the financial system has -- i could argue two ways. i could say, well,
we haven't contemplated changing that. we just put that number in fairly recently. i think at this point, it's still being debated in academic circles, you know, and we'll see what kind of outcome they come up with. but it's an interesting question to try to quantify. there is research, for example, which asks the question, how often do you tend to hit the zero lower bound. and our belief a few years ago is that it was a very rare event, and now it has become more common. so i'm sure there'll...
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Mar 20, 2013
03/13
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demonststrate that we understand we have to get our debt down, it has to be enforceable, you have to change who is eligible for, what at what age, and what subsidy. neil: i love about dave, he ticks off people on the right and the left, thiss a mutually destructive type issue for the right and left. >> assured destruction. neil: thank you. very much david walker. all right if we get in, is it time to get out, what is washington goes 3 with a plan to ramp up spending. some very worried market pros, saying this is a recipe for selling. monica, i think markets have been under the assumption that some cuts are better than no cuts, sequestration is better than nothing, so, if you just pullback, and say we're not going to to squat, in fact we'll do more, spend more that could derail a bill market faster than anything, right? >> it can, derail a bull market, but i think this problem is that washington is behaving like a lot of financial institutions that g themselves and the cun country into a lot of problems a few years back, because they are behaving like i'll be gone and you will begun. that is
demonststrate that we understand we have to get our debt down, it has to be enforceable, you have to change who is eligible for, what at what age, and what subsidy. neil: i love about dave, he ticks off people on the right and the left, thiss a mutually destructive type issue for the right and left. >> assured destruction. neil: thank you. very much david walker. all right if we get in, is it time to get out, what is washington goes 3 with a plan to ramp up spending. some very worried...
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Mar 20, 2013
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ready to change your routine? ask your doctor about once-a-day xarelto®. for more information including cost support options, call 1-888-xarelto or visit goxarelto.com. >>> 5:47 a.m. eastern time. i always love that view of washington, d.c. and of course, bill, i just came off vacation. i was at 80 degrees and i came home to this? >> eek. >> spring is now, right? >> 1:15. old man winter, bye-bye. >> and more storms coming? >> i put my request in that he shuts the door to canada. that's cold. i'm blaming canada for all the cold air. the snowstorm very impressive. 6 to 12 inches in much of new england, especially northern new england. that is leaving us. it's cold enough we're dealing with lake-effect snow. these windchills bitterly cold in the midwest. now they have made it to the east coast. windchills from new york city to boston in the 20s. d.c. not bad, 32. buffalo to albany in the teens. that's nothing compared to the northern plains. windchills brutal. green bay, negative 2. chicago, 9. if you're in the northern half of the country it's a struggle. ev
ready to change your routine? ask your doctor about once-a-day xarelto®. for more information including cost support options, call 1-888-xarelto or visit goxarelto.com. >>> 5:47 a.m. eastern time. i always love that view of washington, d.c. and of course, bill, i just came off vacation. i was at 80 degrees and i came home to this? >> eek. >> spring is now, right? >> 1:15. old man winter, bye-bye. >> and more storms coming? >> i put my request in that he...
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Mar 20, 2013
03/13
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they have changed the eckcuse. it's budget reason or policy. own up. if the policy is let them go, they need to say we are letting them go because it's a new policy. not because of the budget. they have $100 million in unincumbered fund. >> we didn't make this up. this isn't come up poof out of thin air. the illegal immigrants were let go, the day of or the day prior to sequestion trace. it was janet napolitano that mentioned it in one of the discussions about the effects of sequestions ration. she mentioned it. it's not like we made it up. it may have been going on for a while. they tie the illegals they let go to sequestration. randy forbes is on that committee also and he and trey gazzi did a great job to drill the director they didn't need to release them. >> bob: i.c.e. is subject to millions of sequestions ration. >> andrea: i.c.e. was given more money for detention than requested. they had plenty of money. >> eric: you mentioned political benefit in the first block. there is one now for president obama as well. there could be pain, even if it's
they have changed the eckcuse. it's budget reason or policy. own up. if the policy is let them go, they need to say we are letting them go because it's a new policy. not because of the budget. they have $100 million in unincumbered fund. >> we didn't make this up. this isn't come up poof out of thin air. the illegal immigrants were let go, the day of or the day prior to sequestion trace. it was janet napolitano that mentioned it in one of the discussions about the effects of sequestions...
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Mar 20, 2013
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i've taken grandson and changed it to amy. i've taken birthday and changed it to hanukkah. now it says amy, you're the hanukkah champ. ♪ that's the mr. belvedere theme song. the reason? why t not. i love the show. >> yeah. >> the reason is why not. >> mr. belvedere, why not. >> i didn't realize i said all that stuff. >> steve, it's been a lot of fun. >> i can't take much more of it. >> it's not going to be the same without you, steve. >> that might be a good thing, judging from that tape. >> you're amazing. >> if only people could see the way he holds the fork with a thumb underneath where the fork is supposed to go. we have grown to love him. >> the random trivia time we have even in the commercial breaks with anyone know the capital of -- >> it was in mozambique. >> madagascar. >> madagascar. >> this is every day, seventh grade geography class, come on. >> it doesn't stop when the cameras are off. >> we pooled our money and got you some gifts because we love you and you need more stuff. >> oh. >> so we got you a nice sweater which is your style. >> oh, thank you. >> we
i've taken grandson and changed it to amy. i've taken birthday and changed it to hanukkah. now it says amy, you're the hanukkah champ. ♪ that's the mr. belvedere theme song. the reason? why t not. i love the show. >> yeah. >> the reason is why not. >> mr. belvedere, why not. >> i didn't realize i said all that stuff. >> steve, it's been a lot of fun. >> i can't take much more of it. >> it's not going to be the same without you, steve. >> that...
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Mar 20, 2013
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it changed as time went along. the issue asfa as i'm concerned i was opposed to the war in the beginning and opposed to it now. i won't get in the deaths and the people who were wounded but the rising of iran is the single fall-out of this. saddam hussein whatever you thought of him never would have allowed iran to nuclear weapons. >> greg: what do you think? >> dana: it can be looked at from that way or the other way, if saddam hussein who had used chemical weapons in the past who designed an plan to make a nuclear weapon that the arms race would be much more intense right now if he were in power. mideast would be more unstable than today. >> greg: what do you think of the intel playing a role in this? >> dana: i went back and read president bush's chapter on this today. interesting, because there is a paragraph he describes when they found out that the information that the c.i.a. provided was wrong, that he decided right then and there he was never going to blame them. but he was going to try to find out how they
it changed as time went along. the issue asfa as i'm concerned i was opposed to the war in the beginning and opposed to it now. i won't get in the deaths and the people who were wounded but the rising of iran is the single fall-out of this. saddam hussein whatever you thought of him never would have allowed iran to nuclear weapons. >> greg: what do you think? >> dana: it can be looked at from that way or the other way, if saddam hussein who had used chemical weapons in the past who...
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Mar 20, 2013
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now okay how can i change them. if you find a guy who is not romantic, he might at best be able to do a little bubble bath once in a while and some flowers, but that's as good as it gets. >> it's not teachable? >> you have to kind of put yourself in the line of fire, touch him gently. i think most guys who say they aren't romantic, they aren't into public displays of affection. but when you do genuine things where you're touching them, guys love being rubbed up against, next thing you know they become romantic. >> put on some sexy lingerie. you get out the tequila and your man becomes romantic. >> you want to find a man who is more touchy feely -- find a new man. >> a nontouchy feely person, it's uncomfortable for me to hug friends and family, almost. i probably need some counseling. when i'm with a girl i really like i want to touch her and be you know, physical contact with her, all the time. i want that. >> okay. we get it, we get it. >> i always recommend a buck-naked run through is good for what ails you. if yo
now okay how can i change them. if you find a guy who is not romantic, he might at best be able to do a little bubble bath once in a while and some flowers, but that's as good as it gets. >> it's not teachable? >> you have to kind of put yourself in the line of fire, touch him gently. i think most guys who say they aren't romantic, they aren't into public displays of affection. but when you do genuine things where you're touching them, guys love being rubbed up against, next thing...
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Mar 20, 2013
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it's not going to change policy. and i want to share with you a comment from steven stanley who put out a report earlier who said markets essentially have overreacted to the dissent and early in the year but have seen enough in recent weeks to recognize that the doves remain firmly in charge. take a quick look at the fed's balance sheet which had been constant for much of 2010 and 11 and has begun increasing with those $85 billion in purchases of treasuries and mortgages that the fed is expected to continue today. tyler, i have to say if you told me one day you'd be leading your show with three reporters, one in moscow, one in cyprus, and one in washington, i'd say you were crazy, but this is history. >> and we span the globe on "power lunch." see you in a little bit. we told but the big news on the day on this fed day, about fed ex shares. they are taking a hit. they missed their estimates. right now at this point fed ex is off about 5%, almost 6%. the profit fell 31% as customers chose less expensive shipping metho
it's not going to change policy. and i want to share with you a comment from steven stanley who put out a report earlier who said markets essentially have overreacted to the dissent and early in the year but have seen enough in recent weeks to recognize that the doves remain firmly in charge. take a quick look at the fed's balance sheet which had been constant for much of 2010 and 11 and has begun increasing with those $85 billion in purchases of treasuries and mortgages that the fed is...
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Mar 20, 2013
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they are both confronting a changing and dangerous middle east. iran potentially getting closer to israel's nuclear red line. egypt suffering economic and political upheaval. and then of the new questions about whether syria's government is using chemical weapons in its bloody civil war. >> in an unstable and uncertain middle east, the need for our alliance is greater than ever. it's the key to thwarting dangers to advancing peace. >> once again at this hour, the president is in jerusalem, we are awaiting the remarks from president obama as well as peres after their bilateral talks that are underway. but traveling with the president and joining us right now from jerusalem, nbc white house correspondent peter alexander. and with a long distance hello to you, peter, we have the president spending the back half of his day with prime minister netanyahu. how much is their pressure looming over those talks? >> reporter: well, the last time i was in israel, where you see that windmill over my shoulder, mitt romney was giving a speech. and during that tri
they are both confronting a changing and dangerous middle east. iran potentially getting closer to israel's nuclear red line. egypt suffering economic and political upheaval. and then of the new questions about whether syria's government is using chemical weapons in its bloody civil war. >> in an unstable and uncertain middle east, the need for our alliance is greater than ever. it's the key to thwarting dangers to advancing peace. >> once again at this hour, the president is in...
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Mar 20, 2013
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they don't have to change who they are. these rebranding efforts never work. they never fool anybody. >> nia, it is hard for a republican trying to figure out immigration reform, what should i say today about it. seems the ap got an early draft of the speech, seemed to tell them he was for a path to citizenship, now he is not. >> they used language that he was implicitly for citizenship. we have seen this with jeb bush who was for citizenship, in his book, don't know if he wrote it, seemed to not be for citizenship, now he is for citizenship. saw it with marco rubio, his speech at cpac, immigration reform, he doesn't even mention it. we are seeing there's a wing in the republican party when they hear citizenship, they here amnesty. and that's why they're in trouble with this. if you look at the polls, most republicans actually want a comprehensive immigration reform, something like 60%. you see this dance that these figures have to take around the issue. >> sam, it is not like rand paul didn't know. this speech was on his schedule awhile. he knew his day was c
they don't have to change who they are. these rebranding efforts never work. they never fool anybody. >> nia, it is hard for a republican trying to figure out immigration reform, what should i say today about it. seems the ap got an early draft of the speech, seemed to tell them he was for a path to citizenship, now he is not. >> they used language that he was implicitly for citizenship. we have seen this with jeb bush who was for citizenship, in his book, don't know if he wrote it,...
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Mar 20, 2013
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the last time this happened, something changed. so maybe he thinks something will change again. and you can't blame him. that's what he likes. he likes to do this show and he'll hang on as long as he can. >> is fallon ready? >> is fallon ready is the question they undoubtedly have decided yes or near yes. interestingly, he's only done the show four years. the late night show. and conan did it 13 and david letterman did it 11. this is a much faster path to the 11:30 slot than anybody has had before. but it's a different time in television. things are changing. i think they want to have a new kind of a show. they want to have young blood. they don't want jimmy kimmel to get established for a long time and try to take all the younger viewers away. he hasn't really done that from leno by the way. leno continues to win a lot of nights from the younger viewers which is important to "late night" because that is what the advertisers want to reach. there is a strategy at nbc i think that it is time to get this lined up at least and it'll be, you know, in the next 18 months or so. it's no
the last time this happened, something changed. so maybe he thinks something will change again. and you can't blame him. that's what he likes. he likes to do this show and he'll hang on as long as he can. >> is fallon ready? >> is fallon ready is the question they undoubtedly have decided yes or near yes. interestingly, he's only done the show four years. the late night show. and conan did it 13 and david letterman did it 11. this is a much faster path to the 11:30 slot than anybody...
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Mar 20, 2013
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will we see reaction once the language changes? >> i certainly think you'll see headline reaction and the traders will use it like they use any headline to trade it down, but i don't think -- i think it would go the other way. i think if the fed show some confidence, i think it will build private sector confidence as well, it will do another thing, by staying the course with massive, unconventional easing and an economy that is no longer in crisis, guys like me will get worried that they'll create more fallout and unintended consequences. >> right. >> so if they start to pull back, for me that would build confidence in the long-term sustainability of the recovery. >> i think that's going to be the fallout, unexpected fallout. i think the conference would rise if the fed starts to exit. >> now i want to go to jeff, the economist. so you don't think the economy's gains that we've seen so far are built on qe existing in the system. at this point we're on our own, yeah? >> absolutely. i think qe, the effects of that in the economy, you
will we see reaction once the language changes? >> i certainly think you'll see headline reaction and the traders will use it like they use any headline to trade it down, but i don't think -- i think it would go the other way. i think if the fed show some confidence, i think it will build private sector confidence as well, it will do another thing, by staying the course with massive, unconventional easing and an economy that is no longer in crisis, guys like me will get worried that...
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Mar 20, 2013
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ready to change your routine? ask your doctor about once-a-day xarelto®. for more information including cost support options, call 1-888-xarelto or visit goxarelto.com. >>> it all boils down to two in south carolina's extra special special election. former governor mark sanford will move forward into a runoff in the primary to replace congressman tim scott. >> i am incredibly humbled by the outpouring of support that we've seen tonight. i am incredibly humbled by the trust that's been placed in me and in this campaign. what we've earned is the honor of being on the playing field here for the next two weeks. >> now, it's still not enclosure who sanford will face in the republican runoff. the close race for second has triggered a recount. whoever wins that will go up against democrat elizabeth colbert bush, the sister of comedy central's stephen colbert. >> teddy turner's son finished fourth in a gop field of 16. he joins us from mt. pleasant, south carolina. you must be disappointed. an 8% showing, fourth. mark sanford seeming to, i don't know, recover some
ready to change your routine? ask your doctor about once-a-day xarelto®. for more information including cost support options, call 1-888-xarelto or visit goxarelto.com. >>> it all boils down to two in south carolina's extra special special election. former governor mark sanford will move forward into a runoff in the primary to replace congressman tim scott. >> i am incredibly humbled by the outpouring of support that we've seen tonight. i am incredibly humbled by the trust...
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Mar 20, 2013
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CNNW
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and i wanted to participate in help changing that message. and i thought no better place to start than the westboro baptist church. >> so you buy the house -- i think you went to a google map and tried to look for a property near the westboro church? is that how you came to buy the house? >> it was all kind of random. it wasn't done, nerls, on purpose. i was checking out the westboro baptist church through earth and i was walking down the street and i saw that there was a for sale sign in front of the home and right away it hit me. i was like, i'm going to buy that house and paint it the pride flag. and roughly about six months later, i did. and then it took me about another six months to do it, to paint the home, due to weather. it was too cold. so i had to wait for it to warm up a little bit. >> just a reminder for folks who are not familiar with the westboro church, these are the people who protested funerals and then hold up hateful signs, you know, condemning homosexuality in america and elsewhere. so, have you heard from the folks at th
and i wanted to participate in help changing that message. and i thought no better place to start than the westboro baptist church. >> so you buy the house -- i think you went to a google map and tried to look for a property near the westboro church? is that how you came to buy the house? >> it was all kind of random. it wasn't done, nerls, on purpose. i was checking out the westboro baptist church through earth and i was walking down the street and i saw that there was a for sale...
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Mar 20, 2013
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KGO
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pull off the road first if you need to change the dvd or break up a fight. and keep a snack bag on hand if you can't feed the kids before you leave. one of the few things i did right. >> as a mother i know that is difficult. keeping your eyes on the roadway and driving are by far the most important thing. >> reporter: keeping the peace in the back seat helping to keep the whole family safe. paula faris, abc news, new york. >> oh, boy. >> how about that? you have a new one, little guy. >> i do. >> found yourself distracted? >> there are absolutely no rules. i stopped sitting in the back seat with my husband driving. i left him alone back there. >> oh, my goodness. calling geico there. you have a 9-year-old you fall right in here. >> i am lucky. she is a good kid. i can literally say cut it out and she would cut it out. she doesn't do anything. so famous last word. going to get today something is going to happen. so far so good. >> we'll be right ba ♪ ♪ ♪ if loving you is wrong ♪ ♪ i don't wanna be right ♪ [ record scratch ] what?! it's not bad for
pull off the road first if you need to change the dvd or break up a fight. and keep a snack bag on hand if you can't feed the kids before you leave. one of the few things i did right. >> as a mother i know that is difficult. keeping your eyes on the roadway and driving are by far the most important thing. >> reporter: keeping the peace in the back seat helping to keep the whole family safe. paula faris, abc news, new york. >> oh, boy. >> how about that? you have a new...
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Mar 20, 2013
03/13
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you can't change the stress but you can change your response to it. instead of automatically turning to food, take a breath literally or keep a stress journal, or actually get an app that is a relaxation app, things that will settle you down or even read a book, whatever you like to do or just unclick all together and just read a magazine, do something that's relaxing but even deep breath will help you to be in the moment and separate. >> and stress is so bad because the cortisol hormone and all that. >> all the stress hormones wreak havoc on your body. the main thing when it comes to your weight is that everybody's response is, i'm going to do, eat something because it is very soothing and the perfect world, food really is. >> comfort. >> you can do yoga as well. >> madelyn if we have no time to exercise what do we do? >> no time -- >> break through that. >> need new scissors, natalie. or more time in the gym, i don't know. >> that worked out brilliantly! >> just as planned. >> so many people have no time. you want activity of daily living, that mean
you can't change the stress but you can change your response to it. instead of automatically turning to food, take a breath literally or keep a stress journal, or actually get an app that is a relaxation app, things that will settle you down or even read a book, whatever you like to do or just unclick all together and just read a magazine, do something that's relaxing but even deep breath will help you to be in the moment and separate. >> and stress is so bad because the cortisol hormone...